Tax deadline pushed to April 17th to honor federal holiday

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According to federal law, District of Columbia holidays impact tax deadlines in the same way that federal holidays do; therefore, all taxpayers will have two extra days to file this year. The IRS had provided help with filing your taxes and adding cryptocurrency since March of 2014.

The start of the year always means businesses and their owners scramble to get their tax returns completed and filed on time.

One thing you should always keep in mind to avoid being scammed during tax season, is that the IRS does not call and demand your personal information.

I'd be curious to see if more taxpayers applied for an extension or had to use a firm to do their taxes because they weren't able to figure out their gains and losses in their cryptocurrency investments.

One of the biggest questions this tax season has been the impact that last year's cryptocurrency boom would have on filers across the U.S. You can use the IRS Free File to request an extension electronically or submit a paper Form 4868. Freelancers or other gig-economy workers still waiting on a 1099 could be in the same boat.

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Of course, you won't be paid a refund if you don't file.

"The IRS will work with you", he said. While this is nearly certainly smaller than the actual number of people experiencing these events, it may not be an accurate comparison for the 2017 tax year because of the vast differences in popularity of the cryptocurrency space between those periods.

"Before you respond to them, before you give out any sorts of personal information, even things like your name, date of birth, especially social security number, don't give that information out unless you can absolutely verify that you're speaking with someone that's from the IRS", said Shifflett. As of April 6, just more than 103 million had been filed. However, they're more than happy to hang on to the money they owe you if you don't. If your income is above that, multiply what you paid a year ago by 1.1 (to get to 110%).

Tax refunds from four years ago are gone for good after Tuesday.

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